Leadership Level - Compensation & Benefits - Insurance

Looking out for incumbent who has experience of handling end to end comp & Ben portfolio.

Individual Contributor role, would handle a employee base of 3000+ employees.

Would be reporting to Head - Compensation & Benefit (India/South Asia)

REPORTING TO Head - C&B

MAIN PURPOSE OF JOB: The incumbent will be responsible for leading the various projects under the C&B domain such as compensation benchmarking surveys, annual increment cycles, performance bonuses, sales incentives, etc.

KEY ACCOUNTABILITIES (Duties include, but may not be limited to these) END RESULTS KEY ACTIVITIES

- Compensation Philosophy - Define a fair, equitable and competitive total compensation package that fits and is aligned to our company's strategy and business goals.

- Ensure that compensation practices are in compliance with current legislation.

- Annual Compensation Review Cycle - Program manage the Annual Compensation Review cycle to ensure complete budget management and timeline adherence

- Use statistical methods and techniques to make data based decisions on various aspects of compensations.

- Drive pay for performance through targeted variable pay programs including but not limited to Sales Incentive Plan, Annual Bonus Plans, LTI and STI.

- Deploy effective communication strategies and success metrics.

- Benefits Management - Work with Head C&B to ensure smooth deployment and maintenance of key employee benefits.

- Work closely with internal procurement team in vendor management and renewals

- Work with Compliance Team to ensure adherence to all statutory compliance requirements

- Participate in benchmarking studies to ensure competitiveness of our benefits

- Benchmarking & Market Intelligence - Participate in salary benchmarking surveys to determine prevailing pay rates and benefits

- Conduct ongoing research into emerging trends, issues and best practices.

- HR Analytics - Develop and set standards around key HR metrics with focus on analytics around compensation spends and wage management

- People PolicyFramework - Develop a comprehensive policy framework covering all elements of an employee lifecycle in the organization.

- Ensure adherence to the published policy documents across the organization.

- Conduct periodic audits and prepare reports.

- Business As Usual - Work with other members in the team to ensure smooth delivery of C&B services to employees ranging from handling manager queries, partnering with HRBP to support business needs to process promotion and salary increase periodic cycles.

COMPETENCIES KNOWLEDGE AND EXPERIENCE SKILLS

- Experience in HR with a specialization in Compensation

- Exposure in benefits management preferred

- Experience in designing and implementing diagnostic solutions is preferred.

- Consulting background preferred. - Proven ability to diagnose problems using strategic thinking skills as well as identify and drive appropriate solutions.

- Deep Analytical Ability and comfort with handling big data

- Ability to thrive in a fast paced environment and to navigate leaders through a variety of organizational changes.

- Excellent people skills and strong decision making skills.

- Strong Customer Orientation and team leadership.

KEY STAKEHOLDERS INTERNAL EXTERNAL

- Senior Management & Department Heads.

- Talent Acquisition & HR Business Partnership teams.

- Regional & Global HR leadership teams. - Business & HR consultants.

- Insurance vendors.

QUALIFICATIONS - MBA from Tier 1 & 2 colleges